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Host Country: Mongolia |
Industry/Sector: Banking sector |
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Sponsor: EBRD |
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Borrower: Khan Bank |
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Total Investment: USD 15,000,000 |
Debt Amount: USD 7,922,086 |
Financing Terms: 60 months |
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Purpose of Financing: |
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The MONSEFF project loan supports the development of sustainable energy investments in equipment, systems or processes that lead to a significant improvement in the energy performance of commercial or industrial operations and/or commercial or industrial buildings or that promote the use of energy from renewable sources. |
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Guarantee Structure: |
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Unsecured |
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Participating Banks and Roles: |
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Khan Bank issued loans to 14 projects, resulting in the following real outcomes:
•Creating 6,000 megawatts of energy savings per year
•Eliminating 10,000 tons of carbon dioxide
•Generating 15,000 megawatts in thermal savings |
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Overview and Highlight of Project: |
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The loan is avaiable to eligible business in all sectors, including manufacturing, trade, service, construction, road construction, health, and education.
MonSEFF Eligibility Criteria:
•Private companies as borrowers
•Energy savings of at least 15%
•IRR of at least 10% for energy efficiency projects
•IRR of at least 0% for renewable energy projects
•Maximum loan USD 2.5 million
•Minimum loan USD 200,000 (agreed ex-post)
•Same criteria for small-scale investments
•Vendor Scheme has been recently introducederview of eligible investments
Through the project Khan Bank:
•As of today, USD 7.2 million has been disbursed; 2018 has already marked by far the best year
•With existing pipeline, Khan bank can theoretically disburse USD 1.7 million more in 2018
•At best case scenario, USD 6 million will be left at the beginning of 2019
•Need to generate more sub-projects to achieve the target in 2019
•As of today, USD 8.7 million has been disbursed; 2018 has marked by far the best year.
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Awards or Public Evaluation: |
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N/A |
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Other Information: |
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MonSEFF is a Sustainable Energy Financing Facility developed in Mongolia by EBRD and funds for Khan bank amounts to USD 15 million. Technical Assistance led by the international firm, RINA supported by the local firm, ICON. In addition, we designs marketing material such as brochure, leaflets, videos, case studies, advertisement letters. |
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